I believe that there are three important factors that help to run an HR consultancy smoothly:
1. Candidates Database.
2. Computer (System Availability with internet connection and own website).
3. Clients.
I do believe that there is no difficulty in getting a good client because there are numerous openings, but it's hard to retain them. It's like providing good after-sales service. Additionally, it's challenging to find competent candidates.
To address this, we can use job portals.
The sources for resumes are as follows:
1. Through our own website job postings.
2. Job portals searching.
3. College alumni.
4. Job seminars, workshops, job fairs (easy to attract good clients as well).
5. Local advertisements.
6. Personal network.
7. Social networking.
8. Mass mailing.
9. Etc.
If you are starting the firm on a larger scale and have one or two good soft skill trainers, you can begin soft skill training or a finishing school. This will help attract competent candidates as well.
These are my views and ideas, not advice. I am sharing them with you. Within a period of 3-4 months, we will be in the market, mainly focusing on South India and planning to be based in Kochi.
I am seeking your help and valuable advice. I believe the data is not complete, and I will keep in touch with you because I have a collection of PowerPoint presentations and resources like internet sourcing.
I will send them to you. My best regards, wishes, and prayers for your new venture. May God bless you and your new endeavor.
From India, Mumbai
61. Candidates Database.
2. Computer (System Availability with internet connection and own website).
3. Clients.
I do believe that there is no difficulty in getting a good client because there are numerous openings, but it's hard to retain them. It's like providing good after-sales service. Additionally, it's challenging to find competent candidates.
To address this, we can use job portals.
The sources for resumes are as follows:
1. Through our own website job postings.
2. Job portals searching.
3. College alumni.
4. Job seminars, workshops, job fairs (easy to attract good clients as well).
5. Local advertisements.
6. Personal network.
7. Social networking.
8. Mass mailing.
9. Etc.
If you are starting the firm on a larger scale and have one or two good soft skill trainers, you can begin soft skill training or a finishing school. This will help attract competent candidates as well.
These are my views and ideas, not advice. I am sharing them with you. Within a period of 3-4 months, we will be in the market, mainly focusing on South India and planning to be based in Kochi.
I am seeking your help and valuable advice. I believe the data is not complete, and I will keep in touch with you because I have a collection of PowerPoint presentations and resources like internet sourcing.
I will send them to you. My best regards, wishes, and prayers for your new venture. May God bless you and your new endeavor.
From India, Mumbai
Dear Pooja,
Congratulations on deciding to become an entrepreneur. There are two things you must consider before entering this industry:
1. The entire industry uses 4-5 databases, which you have listed.
2. If you use the same database, you will become one among the crowd of more than 25,000 users.
Think differently if you are serious about pursuing this business.
Regards,
Rahul
From India, Pune
Congratulations on deciding to become an entrepreneur. There are two things you must consider before entering this industry:
1. The entire industry uses 4-5 databases, which you have listed.
2. If you use the same database, you will become one among the crowd of more than 25,000 users.
Think differently if you are serious about pursuing this business.
Regards,
Rahul
From India, Pune
Yes, its a crowded space and so one has to make room for her/him-self. We want to give it our best shot and let’s see.
From India, Delhi
From India, Delhi
Hi p_hala - Did you close the deal with monster/naukri? How much did you manage to get it for? Please share.
From India, Delhi
From India, Delhi
Well, to start with, I am kinda new here but I do know a lot about this industry. Let me start by introducing myself. I was with another recruitment firm here in Hyderabad. The company was a startup, and I was partially responsible for taking the company to the break-even point. So, though I am relatively young, I know a lot about this market and have excellent contacts.
Now, I was going through all the posts and read stuff about Naukri, Monster, and the other databases. Well, to tell you the truth, these databases do work, but the success rate is generally 2-3%. I have tried and played around with all these databases. If you call 100 people, you would rarely get 10 quality people or people that match your client's requirements. Out of the 10 people that you get, you would be able to place only 2-3 people. I have experimented a lot when it comes to finding people, and I have been successful so far. I feel that if a person has enough social contacts, you wouldn't need job portals, especially if you are dealing with BPOs or the IT industry.
Though my office setup here in Hyderabad is not up yet, it's gonna take 2-3 weeks probably to finalize stuff. But I have already placed about 30 people without the help of any databases in 2 companies here in Hyderabad, and trust me, I did not have to work hard to get the clients either. I have not gone looking for clients yet. I would say success in this industry depends on the way you do things, and a word of advice for all startups: do not commit to any deadlines that your client gives you unless you know where to get the people.
I know this post is rather long, but I am just pouring my heart out...brain out, rather.
Anyways, another way of getting people and helping each other would be to have tie-ups with other consultancies. I know consultancies that have the jobs but don't have the people. So if you have the people and not the clients initially, you could tie up with people like these and work on a revenue-sharing basis, where the person who has the openings gets around 50-60% of whatever the company pays them, and you could have the rest. It depends on how you tackle these companies, and you could do this in reverse too. If you have the job, find someone who has the people. Also, there are many ways to get people, as someone said earlier: college alumni and things like that. Anyways, I guess I have said enough; I've got a presentation to make...and yeah, before I forget... Pooja, if you have started a company in Delhi and have openings, then I can help you find people or even companies. Don't worry; I am not gonna charge you anything. I think if we startups could help each other and work together without stepping on each other's toes, we could all make it big. And yeah, as someone said earlier... the Nike tagline rocks... Just do it, Impossible is nothing.
Hope I have been of any help to you. By the way, if any of you startups need any help, email me at [email protected] (yeah, I have my own domain :-D). I will see what I can do. So, hope all of us make it big. Best of luck.
Cheers!
From India, Hyderabad
Now, I was going through all the posts and read stuff about Naukri, Monster, and the other databases. Well, to tell you the truth, these databases do work, but the success rate is generally 2-3%. I have tried and played around with all these databases. If you call 100 people, you would rarely get 10 quality people or people that match your client's requirements. Out of the 10 people that you get, you would be able to place only 2-3 people. I have experimented a lot when it comes to finding people, and I have been successful so far. I feel that if a person has enough social contacts, you wouldn't need job portals, especially if you are dealing with BPOs or the IT industry.
Though my office setup here in Hyderabad is not up yet, it's gonna take 2-3 weeks probably to finalize stuff. But I have already placed about 30 people without the help of any databases in 2 companies here in Hyderabad, and trust me, I did not have to work hard to get the clients either. I have not gone looking for clients yet. I would say success in this industry depends on the way you do things, and a word of advice for all startups: do not commit to any deadlines that your client gives you unless you know where to get the people.
I know this post is rather long, but I am just pouring my heart out...brain out, rather.
Anyways, another way of getting people and helping each other would be to have tie-ups with other consultancies. I know consultancies that have the jobs but don't have the people. So if you have the people and not the clients initially, you could tie up with people like these and work on a revenue-sharing basis, where the person who has the openings gets around 50-60% of whatever the company pays them, and you could have the rest. It depends on how you tackle these companies, and you could do this in reverse too. If you have the job, find someone who has the people. Also, there are many ways to get people, as someone said earlier: college alumni and things like that. Anyways, I guess I have said enough; I've got a presentation to make...and yeah, before I forget... Pooja, if you have started a company in Delhi and have openings, then I can help you find people or even companies. Don't worry; I am not gonna charge you anything. I think if we startups could help each other and work together without stepping on each other's toes, we could all make it big. And yeah, as someone said earlier... the Nike tagline rocks... Just do it, Impossible is nothing.
Hope I have been of any help to you. By the way, if any of you startups need any help, email me at [email protected] (yeah, I have my own domain :-D). I will see what I can do. So, hope all of us make it big. Best of luck.
Cheers!
From India, Hyderabad
Hey Forums People, it's pretty good to know that there is a website where I can get some help and knowledge to start with a placement agency.
Actually, I am currently working as a freelancer or from home as a placement consultant. I never have a Naukri ID or any ID, but I always get people from my own contacts as I am working in an international call center for the last 4 years. So, I have many people who know me and come to me to find a job in the call center industry as it is booming.
I am looking for a partnership or profit-sharing with an existing placement consultancy that can give me a 50% share. I will provide candidates from my contacts because I don't have time to contact companies and have contracts with them. All I need from the consultancy is to just send me their requirements by email, and I will provide them with candidates from my contacts. If the candidate gets selected, I will get paid after a month, 50% or negotiate what you can offer me.
So, if anyone is interested, please let me know by email or phone. My email address is devang92000@yahoo.com, and the phone number is 9374626567 (call between 3 pm to 6 am). If I don't receive the call, I will call you back anyhow.
Waiting for a positive reply, and suggestions and comments are always welcome.
Thanks & Regards,
Dev Jain
From India, Ahmadabad
Actually, I am currently working as a freelancer or from home as a placement consultant. I never have a Naukri ID or any ID, but I always get people from my own contacts as I am working in an international call center for the last 4 years. So, I have many people who know me and come to me to find a job in the call center industry as it is booming.
I am looking for a partnership or profit-sharing with an existing placement consultancy that can give me a 50% share. I will provide candidates from my contacts because I don't have time to contact companies and have contracts with them. All I need from the consultancy is to just send me their requirements by email, and I will provide them with candidates from my contacts. If the candidate gets selected, I will get paid after a month, 50% or negotiate what you can offer me.
So, if anyone is interested, please let me know by email or phone. My email address is devang92000@yahoo.com, and the phone number is 9374626567 (call between 3 pm to 6 am). If I don't receive the call, I will call you back anyhow.
Waiting for a positive reply, and suggestions and comments are always welcome.
Thanks & Regards,
Dev Jain
From India, Ahmadabad
Dear Pooja,
Firstly, best wishes for your new venture.
Here are a few tips for better growth:
1. Portals are generally priced at 85K to 130K for full data access and two logins. It is extremely negotiable. 😊
2. Portal sharing is not legally allowed by any portal company. So, if you do it, make sure you don't get caught, as they sometimes track IP addresses of desktops using the logins. It is better to ask your sharing partner to let your PC's IP address be on their list as their own IP.
3. For general candidate profiles data, Naukri is best, but for technical ones, Monster is good.
4. Consider yourself primarily responsible for all kinds of business development activities in the initial stages.
5. Focus on quality over quantity, as that is the only aspect that will earn you recommendations and standing in the market.
6. Be loyal to companies as your bread and butter will come from them, not candidates. So, never get emotional with the need of any candidates.
7. Never make unrealistic promises; be ethical and honest. Only this will earn you the trust of both clients and candidates.
8. Be passionate and patient during tough times to stay longer and grow successfully.
I have been in recruitment for 7 years and have seen many consultancies open with great fanfare only to close down quietly a few days later. So, always be true to yourself.
All the best, and feel free to know more.
Regards,
SUDARSHAN
From India, Nagpur
Firstly, best wishes for your new venture.
Here are a few tips for better growth:
1. Portals are generally priced at 85K to 130K for full data access and two logins. It is extremely negotiable. 😊
2. Portal sharing is not legally allowed by any portal company. So, if you do it, make sure you don't get caught, as they sometimes track IP addresses of desktops using the logins. It is better to ask your sharing partner to let your PC's IP address be on their list as their own IP.
3. For general candidate profiles data, Naukri is best, but for technical ones, Monster is good.
4. Consider yourself primarily responsible for all kinds of business development activities in the initial stages.
5. Focus on quality over quantity, as that is the only aspect that will earn you recommendations and standing in the market.
6. Be loyal to companies as your bread and butter will come from them, not candidates. So, never get emotional with the need of any candidates.
7. Never make unrealistic promises; be ethical and honest. Only this will earn you the trust of both clients and candidates.
8. Be passionate and patient during tough times to stay longer and grow successfully.
I have been in recruitment for 7 years and have seen many consultancies open with great fanfare only to close down quietly a few days later. So, always be true to yourself.
All the best, and feel free to know more.
Regards,
SUDARSHAN
From India, Nagpur
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